WASHINGTON, May 17, 2022 – Most small business owners (62.7%) report lower profits than expected over the past six months due to declining sales and higher expenses as inflationary pressures rise, according to new survey data from SCORE, mentors to America's small businesses and a resource partner of the U.S. Small Business Administration.
SCORE’s Spring 2022 Megaphone of Main Street: Inflation & the Economy report surveyed more than 1,000 small businesses on the current state of inflation; how turbulent economic factors have affected profitability, and what they have done to protect their
WASHINGTON, May 10, 2022 – In honor of Asian American, Native Hawaiian and Pacific Islander Heritage Month, SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration, has launched SCORE for Asian American and Pacific Islander (AAPI) Entrepreneurs. This centralized hub provides the AAPI community with information, tools and support to start and grow successful small businesses.
SCORE saw a 60% increase in mentoring requests for the AAPI small business community in 2021 over the previous year. As a result, SCORE mentors provided more than
WASHINGTON, April 29, 2022 -- SCORE, mentors to America's small businesses, is co-hosting the 2022 National Small Business Week Virtual Summit, "Building a Better America Through Entrepreneurship," with the U.S. Small Business Administration from May 2-5.
This year's Virtual Summit will celebrate and honor the resiliency of entrepreneurs throughout the country who are doing their part to power the nation's historic economic comeback.
The free, four-day event will provide small business owners access to federal resources, educational workshops, online business tools and the opportunity
WASHINGTON, April 12, 2022 – Nearly one in three (30.5%) business owners report feeling extremely worried about inflation and rank it as a top business concern and another 62.5% say they are generally concerned about inflation and are keeping an eye on rising prices, according to new survey data from SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration.
SCORE’s Spring 2022 Megaphone of Main Street: Inflation & the Economy report surveyed more than 1,000 small business owners on how they felt about the current economy and inflation
WASHINGTON, April 5, 2022 – SCORE, mentors to America's small businesses and a resource partner of the U.S. Small Business Administration, is celebrating the impact of its 10,000 volunteers during National Volunteer Month. SCORE’s volunteers provide business mentoring and education in 1,500 communities nationwide, empowering local entrepreneurs, creating jobs and growing the American economy.
New impact data shows that in 2021 alone, SCORE volunteers:
WASHINGTON, March 8, 2022 – Two years into the pandemic, more than half of small businesses report being in fair or poor financial condition according to a meta-analysis performed by SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration.
Most small businesses have not applied for loans, even though 54% of entrepreneurs who didn’t apply for loans needed funds. Of the small business owners who did apply for outside financing, 63% used those funds to meet basic needs such as wages, rent and inventory costs, rather than to grow their
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